Temporary Business Energy Support Scheme 2022

What else is available?

Fine Gael in Government has introduced other schemes to help businesses with rising costs this winter, including: The Ukraine Enterprise Crisis Scheme for viable but vulnerable firms in manufacturing and internationally-traded services. The €200m fund will provide up to €500,000 in direct grants, advance payments, and/or loans and up to €2m for businesses in energy-intensive sectors.

BACKING BUSINESS

A €1.2bn State-backed Ukraine Credit Guarantee Scheme which will provide low-cost working capital to SMEs and primary producers.

A low-cost Growth and Sustainability Investment Loan Scheme to help SMEs, farmers and fishers with energy efficiency and sustainability measures.

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A €4m boost to the Local Enterprise Network to start the new Small Firms Investment in Energy Efficiency Scheme which will provide grants to companies to encourage capital investment in projects that reduce carbon emissions.

€1.25bn Temporary Business Energy Support Scheme (TBESS), providing businesses with up to 40% of the increase in electricity or gas bills up to €10,000 per month Working in your area with Cllr. Baby PEREPPADAN, Cllr. Lynn McCRAVE, Cllr. David McMANUS, Cllr. Brian LAWLOR, Frances FITZGERALD MEP. CBrophy_TBESS_A4_A5_Dec22.indd 1

Minister

COLM BROPHY TD

Minister of State for Overseas Development Aid and Diaspora

Dáil Éireann, Leinster House, Kildare St, D02 A272.

01-6183196 colm.brophy@oireachtas.ie ColmBrophyFineGael @brophytalks

02/12/2022 16:42

BACKING BUSINESS Fine Gael understands that businesses are facing a difficult and uncertain time with higher energy bills and weaker consumer demand. Through Budget 2023, we are backing business by putting more money in people’s pockets, cutting tax, providing special cost-of-living payments, and helping with energy bills. The Temporary Business Energy Support Scheme – or TBESS for short – is one of the ways Fine Gael is helping businesses this winter.

Who is eligible for TBESS?

What is TBESS? TBESS – the Temporary Business Energy Support Scheme – is a scheme designed to help businesses manage the higher electricity and natural gas bills this winter. Through TBESS, the government is providing up to €10,000 – or €30,000 in some cases – per month to eligible businesses whose energy bills have increased by more than half when compared with last year.

To qualify for assistance, a busin ess must be able to sh ow that TBESS is available to companies, their electricity or na tu ral gas the self-employed and partnerships bills have increase d by 50% or carrying out a trade or profession. more when compa red with the Examples of eligible businesses same month or bi llin g period last include cafés, restaurants, pubs and year. The increase is measured hotels, retailers, hairdressers and on the average un it price and is barbers, solicitors and accountants, known as the ‘ene rgy cost creches and Montessori schools, nursing threshold’. homes, doctors and opticians, veterinary surgeries and farmers, among others. In some cases, TBESS is available to help with the costs associated with part of a business or organisation, for example a café or bar within a sports club.

What financial help is available?

TBESS does not look at turnover or profitability – it is focused on helping with the increases in energy costs. Eligible businesses receive a payment of up to 40% of the increase in their electricity or gas bill up to a maximum of €10,000 per month. Businesses that operate from more than one premises, e.g., from several branches and have more than one meter point reference number (MPRN) or gas meter reference number (GMPRN), may qualify for up to €30,000 per month.

TBESS is being administered by Revenue on behalf of the Government. The easiest way to apply is through the Revenue Online Service. When registering for the scheme you will need to include details of the business and information on the relevant electricity and gas connections.

Businesses will receive their payment – backdated to 1st September if appropriate – before the end of the year.

Claims must be made within four months of the end of the claim period. For example, a claim relating to September 2022 must be made by the end of January 2023.

For more information please visit www.finegael.ie/tbess CBrophy_TBESS_A4_A5_Dec22.indd 2

02/12/2022 16:42